BSECompany Update10 Oct 2026 · 10 Oct 2026, 02:57 pm
Intimation of Special Civil Suit filed against the Company by Usha Dattatraya Khatpe & Others in the Court of Civil Judge, Senior Division at Khed, Pune.
Krishanveer Forge Ltd · 513369
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Krishanveer Forge Ltd has been served with a Special Civil Suit filed by Usha Dattatraya Khatpe & Others in the Court of Civil Judge, Senior Division at Khed, Pune, seeking a declaration that a sale deed and mutation entry are void and not binding on their alleged ancestral share. The plaintiffs claim a 1/3rd undivided share in a land parcel and seek partition, separate possession, and mesne profits. The company intends to contest the matter vigorously and has strong grounds to defend its title on merits.
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Krishanveer Forge Ltd - 513369 - Intimation Of Special Civil Suit Filed Against The Company
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KRISHANVEER FORGE LIMITED
CIN: L28910PN1990PLC056985
REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006
PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com
KVFL/SEC/2026-27/86
October 10, 2026
BSE Limited,
Corporate Relationship Department,
1st Floor, New Trading Ring, P. J. Towers,
Dalal Street, Fort, Mumbai – 400 001
Scrip Code: 513369
Dear Sir / Madam,
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("SEBI Listing Regulations") and the SEBI Master Circular for
compliance with the SEBI Listing Regulations, after applying materiality in terms of Para B of Part
A of Schedule III of the LODR Regulations, we hereby inform you that the Company has become
party to the litigation/case filed by Ms. Usha Dattatraya Khatpe and Others against the Company
vide Special Civil Suit No. 189/2026 in the Court of Civil Judge, Senior Division at Khed,
Rajgurunagar, Pune.
It is brought to the attention of the Exchange that the Company was previously served with a
general judicial summons/notice of appearance on October 03, 2026 to appear in the court on
October 06, 2026. However, the said summons was not accompanied by a copy of the plaint or
the statement of claims, preventing the Company from assessing the underlying subject matter or
calculating the financial impact based on the policy for determination and disclosure of material
events/information.
The complete copy of the plaint was received over email of the Company through Advocate on
October 10, 2026 at 10.42 AM. Upon review of the plaint, the quantum of the claim has been
identified.
Based on the application of the Company’s policy for determination and disclosure of material
events / information framed under Regulation 30(4), the quantum of this specific claim exceeds
the prescribed thresholds. Accordingly, this first formal intimation is being submitted within 24
hours of the receipt of the copy of the plaint.
FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE
PHONE: 91(02135) 671400, 671424
KRISHANVEER FORGE LIMITED
CIN: L28910PN1990PLC056985
REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006
PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com
The Company is currently preparing to file its written statement and intends to contest the matter
vigorously and take appropriate legal action in this matter.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
FOR KRISHANVEER FORGE LIMITED
Mahendra Ravso Samdole
Company Secretary and Compliance Officer
M No. : A58630
FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE
PHONE: 91(02135) 671400, 671424
KRISHANVEER FORGE LIMITED
CIN: L28910PN1990PLC056985
REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006
PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com
Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with the SEBI Master Circular
Annexure – A
Sr. Particulars Descriptions
1. Name(s) of the
opposing party Usha Dattatraya Khatpe and Others.
2. Court/ tribunal/agency
where litigation is filed Court of Civil Judge, Senior Division at Khed, Rajgurunagar, Pune.
3. The Plaintiffs have filed Special Civil Suit No. 189/2026 against the Company. They
seek a declaration that the Sale Deed dated 01.11.1991 (Registration No. 1641 of
1991) and Mutation Entry No. 4147 are void and not binding on their alleged
Brief details of
ancestral share. The Plaintiffs claim a 1/3rd undivided share (admeasuring
dispute/litigation
approximately 0 Hectare 53 R) in the land parcel bearing Gat No. 357/105
(admeasuring 1 Hectare 60 R) at Village Kharabwadi, Taluka Khed, Pune, alongside
seeking partition, separate possession, and mesne profits.
4. Financial implications are currently restricted to legal defense costs. Based on a
Expected financial
preliminary evaluation of the three-decade-old transaction history, based on the
implications, if any,
consultation with legal counsel, the Company has strong grounds to defend its
due to compensation,
title on merits. No materialized financial risk or operational disruptions are
penalty etc.;
anticipated at this stage.
5. Rs. 4,60,00,000/- (Rupees Four Crore Sixty Lakh only), based on the valuation of
Quantum of claims, if the claim made by the Plaintiffs for the purpose of determining the pecuniary
any; jurisdiction of the Court, which figure is not endorsed or accepted by the
Company.
FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE
PHONE: 91(02135) 671400, 671424